DXNLX vs. SPY
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and SPDR S&P 500 ETF (SPY).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or SPY.
Key characteristics
| DXNLX | SPY | |
|---|---|---|
| YTD Return | 28.10% | 26.83% |
| 1Y Return | 37.94% | 34.88% |
| 3Y Return (Ann) | 5.81% | 10.16% |
| 5Y Return (Ann) | 19.39% | 15.71% |
| Sharpe Ratio | 1.75 | 3.08 |
| Sortino Ratio | 2.32 | 4.10 |
| Omega Ratio | 1.31 | 1.58 |
| Calmar Ratio | 2.25 | 4.46 |
| Martin Ratio | 7.86 | 20.22 |
| Ulcer Index | 4.84% | 1.85% |
| Daily Std Dev | 21.72% | 12.18% |
| Max Drawdown | -47.71% | -55.19% |
| Current Drawdown | -1.33% | -0.26% |
Correlation
The correlation between DXNLX and SPY is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DXNLX vs. SPY - Performance Comparison
The year-to-date returns for both stocks are quite close, with DXNLX having a 28.10% return and SPY slightly lower at 26.83%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DXNLX vs. SPY - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DXNLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DXNLX vs. SPY - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 0.17%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.17% | 0.00% | 0.00% | 0.00% | 4.35% | 63.94% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DXNLX vs. SPY - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -47.71%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DXNLX and SPY. For additional features, visit the drawdowns tool.
Volatility
DXNLX vs. SPY - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 6.19% compared to SPDR S&P 500 ETF (SPY) at 3.76%. This indicates that DXNLX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.